NBFC Compliances and Returns

By |2018-10-25T08:05:08+00:00August 31st, 2018|Categories: NBFC|Tags: , , , , |

Introduction to NBFC Compliances and Returns It's no doubt that NBFCs have changed the landscape of the Financial Services Sector in India. NBFCs have a projected growth of a tremendous 19-21% for the 2018-19 Financial Year. However, ever since the infamous incident with Sahara India Financial Corporation in 2015, the RBI has made stricter regulations for [...]

Fulfill Obligations under PML rules: RBI to NBFCs

By |2018-10-25T08:12:16+00:00August 28th, 2018|Categories: NBFC|Tags: , , , |

RBI getting Stricter The Reserve Bank of India (RBI) is taking radical steps to ensure compliant, safe and healthy business practices from NBFCs. In the month of July 2018 alone, RBI canceled the license of over 100 NBFCs. RBI had blacklisted some of these organizations and some willingly surrendered their licenses. The RBI has also flagged over [...]

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